
Silver / U.S. Dollar forum

Idea: Silver eyeing 37. zone
Silver sell setup. The trend breakout the target is at 36.500.
Don't rush to take entries and always wait for confirmation in small time frames.
If you found this helpful like comment and support. Your support is always appreciated.!

Trump’s Tariff Cuts and Tesla Pressure
Trump’s Vietnam Trade Deal: Tariffs on Vietnamese goods will drop from 46% to 20% before July 9, but Chinese goods routed through Vietnam will face a 40% tariff.
$3.4 Trillion Fiscal Bill Advances: Trump’s tax cut and spending package cleared a key House vote despite internal GOP resistance.
Tesla Under Pressure: A new clash with Elon Musk surfaces as Tesla deliveries miss forecasts; the stock is down 20% year-to-date.
USD Slides: Ongoing concerns over U.S. fiscal discipline weaken the dollar, boosting demand for the euro and yen.
UK Market Volatility: UK Finance Minister Rachel Reeves’ emotional remarks in Parliament triggered a sell-off in the pound and bonds amid fiscal doubts.
Markets Await Jobs Data: Today’s U.S. employment report is highly anticipated as it may influence the Fed’s policy direction.
Asia Markets Mixed: Gold holds steady near $3,350, silver rebounds to $36.50, and Bitcoin approaches $109K with $113K seen as the next breakout level.
Silver Extends Gains to $36.70
Silver hovered near $36.70 on Thursday after rising 1.4% in the previous session, supported by easing trade tensions and stronger expectations of Fed rate cuts.
Markets are now watching key US economic releases to see whether silver can sustain its upward momentum.
Resistance is at 37.50, while support holds at 35.40.
